Possible Bull Flag
Updated
Possible bull flag on JKS. The break out target is into the lower 70's. My buy in target is $55.50 with a SL @ 53. History shows there is a lot of supply around the 64/65 dollar area and that is where I will take profit if it plays out. The MACD is curling ever so slightly to the downside, the 200 DMA is acting as support now. I like this set up, but I have my reservations.
Not financial advise.
Not financial advise.
Note
The MACD, RSI and DMI are all curling to the downside. JKS broke below the 200 DMA. I need a follow through day, but this substantiates my uneasiness with JKS.
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